Sunday, February 21, 2010

Beauty of Quantification

Recently, I was corresponding with an acquaintance. Some people are surprised that I enjoy quantifying so many different things -- ranging from sports to financial markets. I particularly like applying probability and statistics to quantify the impact of sport psychology. These factors are normally "intangibles" -- but it is interesting to measure them because they are certainly material.

Here is a link to Carl Sagan's chapter, "The Beauty and Power of Quantification" (from his book, "Billions and Billions").

Carl Sagan often talks about science, but around page 37, he makes an interesting analogy to sports and hunting.